24/20 The Crescent, Midland WA 6056
24/20 The Crescent, Midland WA 6056
3 bed 2 bath apartment in Midland’s town core | 2012 build with modern fixtures | larger than typical local units | heritage overlay on title | strong rental yield potential around 5%
This unit stands out because it offers a genuinely larger floorplan than most apartments in Midland’s centre, where two-bedroom stock dominates. The 2012 construction means modern insulation, double-glazing likely, and a more efficient layout than older walk-ups. For a downsizer or professional couple wanting walk-to-train convenience and lock-and-leave living, this is a rare fit. The balcony and ensuite add everyday comfort, while the 123m² footprint gives it a more residential feel than the compact investor units nearby. It serves buyers prioritising location and space over a garden.
The heritage overlay may limit future alterations, which could matter if you planned structural changes, though for a standard apartment it rarely affects day-to-day living. The mixed-use setting brings foot traffic and commercial activity, so quieter hours might be less predictable than in a purely residential street. Rental demand appears solid given the transport and retail proximity, but resale could face competition from newer or cheaper two-bedroom offerings. Price positioning likely reflects the larger size and build quality, so weigh those against the overlay constraint.
|| Comparable Sales: similar 3-bed apartments in Midland have sold around $680k–$720k recently | Property Price Band: $680k–$780k | Value Drivers: floorplan size, modern build, proximity to station and shopping
Detailed Independent Property Report prepared by PropCred Analyst team for 24/20 The Crescent, Midland WA 6056
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Midland is a mixed-use suburb where industrial, commercial and residential zones sit alongside a State Government urban renewal area that has been adding new dwellings since 2000. The predominantly 20-29 age cohort and a 6.08% population rise since 2016 point to young buyers and renters driving demand, supported by strong investment fundamentals: houses return a 5.02% gross yield and units 6.35%, with median weekly rents of $600 and $590 respectively. House prices have grown sharply, with a median of $624,000 and 21.17% annual capital growth, while units sit at $535,000 after rising 24.4% in the same period. Houses clear in around 12 days, reflecting tight stock levels. The renewal project remains the key forward driver, having already reshaped the suburb’s composition; however, rapid price appreciation and the absence of vacancy or supply data leave the sustainability of this momentum unquantified.
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PropCred Estimated Value
Comparable Sales: similar 3-bed apartments in Midland have sold around $680k–$720k recently | Property Price Band: $680k–$780k | Value Drivers: floorplan size, modern build, proximity to station and shopping
Bedrooms
3
Bathroom
2
Parking
1
Land
123m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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